What defines "group life insurance"?

Group life insurance is characterized by a single contract that provides coverage for multiple individuals simultaneously, typically emphasizing the collective nature of the insurance arrangement. This policy is often provided through employers, associations, or unions and is designed to offer life insurance benefits to a defined group of people, such as employees of a company or members of an organization, without the need for individual applications or medical examinations for each member.

This coverage is advantageous as it usually results in lower premiums and simplified enrollment processes compared to individual policies. Thus, the defining feature of group life insurance is its structure of covering a group under one policy rather than individuals needing separate policies. The other options presented do not capture this unique characteristic; they either narrow the coverage inappropriately or impose conditions that are not inherent to group life insurance itself.